Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 61,000 direct labor-hours, total fixed manufacturing overhead cost of $103,700, and a variable manufacturing overhead rate of $2.50 per direct labor-hour. Recently Job X387 was completed and required 130 direct labor-hours. Required: Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.) Overhead applied to Job X387

Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 61,000 direct labor-hours, total fixed manufacturing overhead cost of $103,700, and a variable manufacturing overhead rate of $2.50 per direct labor-hour. Recently Job X387 was completed and required 130 direct labor-hours. Required: Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.) Overhead applied to Job X387

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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